Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Costa Rica
Growth rate same period previous year, Quarterly
CRIPIEAFD02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.70
Year-over-Year Change
992.30%
Date Range
1/1/2001 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in a key indicator of consumer prices. This metric is closely watched by economists and policymakers to assess inflationary trends and guide monetary policy decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic series tracks the quarterly growth rate of the Consumer Price Index (CPI) compared to the same quarter of the previous year. The CPI is a widely used measure of inflation, capturing changes in the prices of consumer goods and services. Analyzing the year-over-year CPI growth rate provides insights into the pace and direction of price-level changes over time.
Methodology
The data is calculated based on the U.S. Bureau of Labor Statistics' monthly CPI survey.
Historical Context
Central banks and government agencies closely monitor this inflation metric to inform economic policy and manage price stability.
Key Facts
- The CPI growth rate reached a 40-year high of 9.1% in June 2022.
- The Federal Reserve aims for an average inflation rate of 2% over time.
- Rapid inflation can erode consumer purchasing power and economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' tracks the year-over-year change in the Consumer Price Index (CPI), a key measure of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by economists, policymakers, and market participants to assess price pressures and guide monetary policy decisions that impact interest rates, consumer spending, and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated based on the U.S. Bureau of Labor Statistics' monthly CPI survey, which measures changes in the prices of consumer goods and services.
Q: How is this trend used in economic policy?
A: Central banks, such as the Federal Reserve, use this inflation gauge to inform monetary policy decisions aimed at maintaining price stability and supporting sustainable economic growth.
Q: Are there update delays or limitations?
A: The CPI growth rate data is released monthly by the Bureau of Labor Statistics, with a slight lag relative to the reference period.
Related Trends
International Merchandise Trade Statistics: Exports: Commodities for Costa Rica
CRIXTEXVA01CXMLSAM
Purchasing Power Parity, Share of World for Costa Rica
CRIPPPSH
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Costa Rica
CRICP030000GYM
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for Costa Rica
CRICP040400GPM
Consumer Price Index: Health (COICOP 06): Total for Costa Rica
CRICP060000IXNBM
Amount Outstanding of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in Costa Rica
IDSNFAMRIAOCR
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (CRIPIEAFD02GYQ), retrieved from FRED.